Chicago, IL (PRWEB) May 05, 2017
The Federal Savings Bank is proud to announce that the company recently earned multiple industry and regional accolades for its banking services, safe and sound lending practices, as well as overall growth. As one of the largest privately held federally chartered banks in the country, The Federal Savings Bank operates 23 offices nationwide and employs nearly 1,000 employees. The Bank’s strong growth is demonstrated through its origination of $70 million in loan volume in 2011 and more than $4 billion in loans in 2016.
The Federal Savings Bank earned recognition from Seifried & Brew (S&B), LLC, a community bank consulting and risk management firm. Seifried & Brew ranked The Federal Savings Bank as a high-performing bank in its prestigious 2016 S&B Top 15th Percentile. The designation is assigned to banks whose overall performance ranks them within the top 15 percent of all community banks in the nation. To receive the honor, The Federal Savings Bank demonstrated exemplary performance by managing their exposure to risk while maintaining a notable level of reward.
The ranking is based on the S&B index, which measures individual bank performance and then compares banks across the United States. The Bank received an S&B composite score percentile rank of 99.3 of 100. The banks included in this index have assets between $10 million and $30 billion. Whereas other organizations rank bank performance, the S&B composite score takes into consideration both risk and reward.
Mortgage Executive Magazine also ranked The Federal Savings Bank #32 in its annual list of “Top 100 Mortgage Companies in America 2016.” The ranking is based on mortgage companies’ total dollar volume. For The Federal Savings Bank, total volume for 2016 was $4.3 billion, which totaled 19,100 loans. This is the third consecutive year that Mortgage Executive ranked the Bank in the top 100. Mortgage Executive Magazine seeks to recognize and celebrate the service, dedication, and hard work that mortgage originators, managers and executives put into building their companies and serving their clients.
“I am extremely proud and grateful of the hard work, dedication and commitment to excellence of the entire team at The Federal Savings Bank,” said Steve Calk, chairman and CEO of The Federal Savings Bank. “This recognition represents the trust that our customers and referral sources place in the Bank, as well as the Bank’s measured growth, safe lending and laser-like focus on helping customers achieve the American Dream of home ownership.”
Crain’s Chicago Business also named The Federal Savings Bank, with headquarters in Chicago, to the business publication’s annual ranking of Chicago’s largest private companies. This year, 347 companies were included on the list, with combined revenues of roughly $342.8 billion and 162,000 employees in the Chicago metro area. As an indicator of its growth in Chicago, from 2012 to current, the Bank has hired 881 new employees in Illinois alone, of which 387 reside in Chicago.
Crain’s list is ranked by 2016 revenue and includes only firms with revenue greater than $75 million. The full list includes firms in the seven-county region: Cook, DuPage, Kane, Lake, Lake (Ind.), McHenry and Will.
About The Federal Savings Bank
The Federal Savings Bank, one of the largest privately held and most successful veteran-owned banks in America, is an industry leader providing tens of thousands of Americans a path to home ownership through residential home lending. As a federally chartered bank, its highly experienced bankers are experts in lending in all 50 states and have the ability to help those customers achieve the American Dream. In recent years, the Bank’s exceptional work has earned accolades from Ellie Mae, Wells Fargo, The ABA Banking Journal and Bauer Financial. For more information, visit http://www.thefederalsavingsbank.com.